VOICED : Weibo el Twitter chino que entrara a Wall Street

VOICED : Weibo el Twitter chino que entrara a Wall Street

Assessment

Interactive Video

Business, Social Studies, Journalism

9th - 10th Grade

Hard

Created by

Quizizz Content

FREE Resource

Weibo, the Chinese equivalent of Twitter, is set to enter Wall Street through an IPO on the Nasdaq. Despite challenges faced by tech stocks and concerns over transparency in Chinese companies, Weibo aims to raise between $340 and $440 million by offering 20 million shares priced between $17 and $19 each. The platform, controlled by Synacorp, has been successful in China, where Twitter is banned, and hopes to attract U.S. investors with access to China's vast internet market. However, experts question the accuracy of Weibo's user statistics and its future growth potential.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary reason Weibo is entering the New York Stock Exchange?

To merge with Synacorp

To raise capital and expand its market presence

To compete directly with Twitter in the U.S.

To diversify its services beyond microblogging

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the expected price range for Weibo's shares during its initial public offering?

$17 to $19

$15 to $16

$10 to $12

$20 to $22

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a major concern for U.S. investors regarding Chinese companies like Weibo?

Lack of innovation

High competition in the tech sector

Transparency and accounting fraud

Limited user base

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many active users does Weibo claim to have daily?

10 million

30 million

100 million

60 million

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key challenge Weibo faces in terms of its user base?

Inability to expand internationally

Increasing competition from local platforms

Discrepancy in reported active users

High operational costs